Matt Gubba on Twitter - Mortgage Defaults, Homes, Ownership, Banks ... Klaus and friends...

 @MattGubba

Once we start seeing large-scale mortgage defaults after rising energy prices start taking effect, interest rates rise, and inflation bites, I think we will start seeing banks offering to buy out homeowners and rent the properties back to them (sale and leaseback)...
5:51 AM · Sep 5, 2022

@MattGubba

Replying to
@MattGubba
For them it's a win win...

They simply replace the current asset (mortgage debt owed) on their balance sheet with a new fixed asset (property) plus instantly gain a new income stream from the rental payments.

Meanwhile, ordinary people are left to "own nothing and be happy."